The analysis of current trends in the cryptocurrency market shows that DOGE is demonstrating a slight price decrease, attracting traders' attention.
Current DOGE Performance
In the last 24 hours, the price of DOGE fell by 0.19% and is currently trading at $0.2382. On the hourly chart, there is a false breakout of the local support at $0.2348. Given the current dynamics, traders should pay attention to the closing of daily bars relative to this level.
Future Price Prospects for DOGE
If sellers' pressure continues, a test of the $0.23 zone is possible. On larger time frames, no side is dominating as the price of DOGE is far from key levels. A consolidation in the range of $0.23-$0.25 is expected. From a mid-term perspective, buyers have failed to maintain the rise after the previous bullish closure.
Conclusion and Forecasts
If the situation does not change, traders may expect sideways trading in the $0.22-$0.26 range over the coming weeks.
The analysis shows that DOGE is in a state of uncertainty, and future movements will depend on the pressure from both sellers and buyers.
